Mars, the parent company of M&M's and Skittles, plans to invest an additional $2 billion in its domestic operations by 2026. The investment includes a $240 million Nature's Bakery facility in Utah, creating over 230 new jobs. This move comes amid the Trump administration's push for domestic manufacturing and reducing reliance on foreign goods. Mars joins a growing list of companies investing in U.S. manufacturing, including Apple and Ford.
Candy and snacks giant Mars has announced plans to invest an additional $2 billion in its U.S. operations through 2026, as part of its ongoing efforts to bolster domestic manufacturing. This investment includes a $240 million facility for Nature's Bakery in Salt Lake City, Utah, which is set to create over 230 new jobs and have the capacity to produce about one billion candy bars annually [1].
The company, known for its M&M's, Skittles, and Milky Way products, has already invested over $6 billion in U.S. manufacturing in the last five years. This latest investment will support the expansion of its snacking, food, and pet-care businesses, and is part of a broader strategy to increase the local production of its products. Currently, about 94% of Mars products sold in the U.S. are produced locally [2].
The investment comes amidst the Trump administration's push for domestic manufacturing and a reduction in reliance on foreign goods. Many companies, including Apple and Ford, have been doubling down on their U.S. production capabilities in response to sweeping import tariffs aimed at narrowing the trade deficit [1].
Mars's recent acquisitions, such as the $36 billion deal to buy Pringles maker Kellanova, have also contributed to its expansion in the U.S. market. The company has received approval from U.S. antitrust regulators but is facing a full-scale investigation by EU counterparts [1].
The new investment by Mars is part of a broader trend of companies increasing their manufacturing capabilities in the U.S. This trend is driven by a combination of factors, including the desire to reduce supply chain risks, improve product quality, and tap into the growing domestic market [1].
References:
[1] https://finance.yahoo.com/news/candy-giant-mars-invest-2-131955804.html
[2] https://www.morningstar.com/news/dow-jones/202507297740/mars-to-invest-2-billion-in-us-manufacturing-through-2026-commodities-roundup
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